The post EU’s Bold Move to Control ChatGPT and AI Industry appeared first on Coinpedia Fintech News
The European Union is navigating through the choppy waters of AI regulations, aiming to strike a balance between safeguarding local startups and addressing societal risks posed by rapid AI advancements. It seems what they are interested in regulating is none other than the latest threat, ChatGPT. The aim is to protect the users’ data, integrity, and rights, but at what cost? Let’s see what the EU AI rules mean in detail.
In a marathon session, EU negotiators hashed out a deal on regulations for generative AI tools, like ChatGPT and Google’s Bard. On Thursday, a source close to the negotiations revealed that after 10 hours of discussion, parliamentarians and EU member states had reached an agreement on regulations for ChatGPT and other AI systems.
One Agreement, 27 Countries—Will the EU Regulate AI First?
The agreement, a crucial step toward the AI Act, involves the European Com
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